Sprott Physical Silver Trust (PSLV) Saudi long -term expectations [Video]

Sprott Physical Silver Trust (PSLV) is a closed box designed to provide investors in a safe and comfortable way to invest in physical silver bars. The PSLV, which was launched by the Sprott Asset Management, has been launched, almost all its origins with physical silver, stored in a safe cellar, and its share price closely tracks the immediate price of silver. Below we will consider the long -term technical expectations of the tool:

Elliott Wave Weekly wave scheme PSLV

The weekly expectations of the Sprott Physical Silver Trust (PSLV) above indicate that the tool formed the main wave (II) / (B) low at 4.34 in March 2020. From there, it began to increase. The wave ended in 10.46 and the decline in the second wave ended at 6.16 as an expanded flat structure. III is now progressing as a batch. Even from the II wave, the wave (1) ends at 8.4 and the decreases (2) end in 6.85. Then the top is nesting with the end of the 1 wave at 8.99 and the wave 2 ends at 7.08. The top 3 ended at 10.88 and a decrease in the wave 4 ended at 9.12. The final leg wave ended 5 at 11.77, which completed the wave (3) with a higher degree. Withdrawal in the wave (4) ended in 9.6. The tool should see more upward trend while the decreases remain above 6.16 low.

PSLV [Video]